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    New Medical Building Under Construction Title is generated by Realmo AI

    1801 S Trinity Street, Decatur, TX 76234

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    Claim this Listing
    For Sale
    $1,323,000

    SINGLE_FAMILY - Decatur, TX

    Type:Office
    Property size:
    5,500 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $240/SF
    Added:
    May 28, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 1801 S Trinity Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Property condition
    Under Construction
    Parking features
    Assigned, Driveway
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    749604
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    LT: 1R BLK: 1 SOUTH DECATUR BUSINESS PARK 5.8
    Tax Annual Amount
    24226

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Brick, StoneVeneer
    Roof type
    Fiberglass

    We can help!

    Listing Contact
    Thomas Fry

    Listing agent Thomas Fry License #0485498

    Listing office Fry Realty Flower Mound, TX

    Listing date May 28, 2026

    MLS# 21145832

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New medical building (BUILDING #3 only per attached site plan), 5,500 SF, under construction
    • Shell completion estimated for Sep or Oct; tenant finish‑out completion targeted for July 2026
    • Shell construction list price only; finish‑out estimated at $125 per SF
    • Central heating and central air with electric components; tile flooring
    • Brick and stone veneer exterior; fiberglass roof
    • Site access and entry include an accessible approach with ramp; parking includes driveway and assigned spaces

    Overview

    A new medical building totaling 5,500 square feet is under construction in this development, with Building #3 being the only unit offered per the attached site plan. The listing is for shell construction only, with tenant finish-out planned for the next phase. Completion is targeted to be ready for tenant finish-out in July 2026, with shell completion estimated for September or October. Tenant improvements are estimated at $125 per square foot.

    Located at 1801 S Trinity Street in Decatur, Texas, the property benefits from significant local momentum. HCA’s Medical City has recently opened a major hospital facility about 5 minutes away. The City of Decatur has also invested in new public safety facilities, including a police station and fire station within 1 block, and additional wastewater infrastructure projects to support ongoing area growth. Downtown is anchored by the restored 1895 Wise County Courthouse.

    This offering is well suited for medical operators or owner-investors seeking a modern facility in a growth-focused submarket, with pre-leasing for the new owner indicated as able to begin now. As a shell product, it provides flexibility for a range of tenant-specific medical layouts and finish-out plans aligned with the anticipated schedule.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $169.0k $30.72
    − Vacancy −$46.3k −$8.42
    EGI $122.7k $22.30
    − OpEx −$30.7k −$5.58
    NOI $92.0k $16.73
    5,500 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,999 @ 7.0% cap · market cap 6.95%
    Second Best
    Healthcare Medical
    $1.24M
    $1.08M – $1.45M (±1% cap)
    NOI $86,772 @ 7.0% cap · market cap 6.56%
    Theoretical Best
    Hotel Hospitality
    $4.14M
    $3.62M – $4.83M (±1% cap)
    NOI $289,988 @ 7.0% cap · market cap 21.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Decatur Veterinary Clinic — 2101 S College Ave, Decatur, TX 76234
    • Goerdel Kody DVM — 2101 S College Ave, Decatur, TX 76234
    • Sirman Bart DVM — 2845 US-287, Decatur, TX 76234

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.585626
    Latitude
    33.220795

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    FAQs

    What type of property is this?
    Medical Office Space - Shell-ready medical facility in a high-growth Decatur area with nearby healthcare and municipal investments.
    Where is this medical office space located?
    The property is located at 1801 S Trinity Street Decatur, TX.
    What is the asking price?
    The asking price for this property is $1,323,000.
    What are key features of this property?
    This property features: New medical building (BUILDING #3 only per attached site plan), 5,500 SF, under construction; Shell completion estimated for Sep or Oct; tenant finish‑out completion targeted for July 2026; Shell construction list price only; finish‑out estimated at $125 per SF
    (214) 679-9006
    We can help!
    Listing Contact
    Thomas Fry
    Real Estate License ID: 0485498
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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